Day by day Pivots: (S1) 155.11; (P) 155.71; (R1) 156.59; Extra..
EUR/JPY’s breach of 157.67 resistance recommend that rebound from 153.15 is resuming. Intraday bias is again on the upside for 55 D EMA (now at 159.00). On the draw back, break of 153.15 will resume complete fall from 164.39 to 61.8% retracement of 139.05 to 164.29 at 148.69.
Within the greater image, worth actions from 164.29 medium time period prime are tentatively seen as a correction to rise from 139.05 for now. So long as 148.48 resistance turned help holds (2022 excessive), bigger up development from 114.42 (2020 low) may nonetheless resume by way of 164.29 at a later stage.
